RBC International Equity Currency Neutral Fund

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Dominic Wallington

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Mayur Nallamala

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Investment Objective

To provide long-term capital growth. The fund invests primarily in units of other mutual funds managed by RBC GAM or an affiliate of RBC GAM (called the underlying funds), emphasizing mutual funds that invest in equity securities of companies outside of North America while minimizing the exposure to currency fluctuations between foreign currencies and the Canadian dollar. The fund aims to provide exposure to economies that offer different business cycles and growth opportunities than North American markets.

Fund Details

Series: D
Fund Code: RBF1068
Load Structure: No Load
Currency: CAD
Inception Date: Apr, 2014
Series D NAV $: 13.40
Series D MER %: 1.26
  • MSCI EAFE Total Return Net Index (C$)

  • Income Distribution: Annually
    Capital Gains Distribution: Annually
    Sales Status: Open
    Minimum Investment $: 500
    Subsequent Investment $: 25



    Performance Analysis as of  August 31, 2018

    Growth of $10,000

    Returns and Quartile Ranking
    Calendar Returns %

    Trailing Return %

    Portfolio Analysis

    Asset Mix

    Top Ten Holdings
    Top Ten Holdings % Assets
    Unilever PLC 4.1
    RELX NV 3.5
    CSL Ltd 3.1
    Novo Nordisk A/S B 3.0
    SoftBank Group Corp 2.7
    London Stock Exchange Group PLC 2.6
    Diageo PLC 2.5
    Heineken NV 2.5
    Royal Dutch Shell PLC Class A 2.4
    Mitsubishi UFJ Financial Group Inc 2.1
    % Assets
    Total % of Top Ten Holdings 28.6
    Total Number of Stock Holdings 77
    Total Number of Bond Holdings 0
    Total Number of Other Holdings 1
    Total Number of Holdings 78
    Equity Style
    P/B Ratio 2.2
    P/E Ratio 17.6
    Avg. Mkt Cap. $Bil 43.9
    Top Geographic Allocations
    % Assets
    United Kingdom 27.2
    Eurozone 23.1
    Japan 17.9
    Europe (Ex Eurozone) 14.4
    Australia 6.0
    Asia (Emerging) 4.8
    Asia (Developed) 3.1
    United States 1.9
    Canada 1.7
    Global Equity Sectors
    % Equity
    Financials 18.3
    Health Care 17.4
    Consumer Discretionary 14.8
    Industrials 14.7
    Consumer Staples 13.7
    Information Technology 9.1
    Materials 5.9
    Energy 3.4
    Telecommunications Services 2.8

    Please consult your advisor and read the prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.